Dear Users，
After negotiation with the HALO team, HBTC will suspend the trading of HALO from 18:10 on September 14, 2020 (UTC+8) for risk control, and compensate users suffered losses from HALO trading.
For HALO traders suffered asset loss from HALO trading, please see the compensation plan as follows:
Compensation Range
All users bought HALO and suffer asset lost;
Details:
1. HBTC will check all the transactions from 20:00, August 31 (trading starting time) to 18:10, September 14 (trading suspension time);
2. Rollback the profits in market value management accounts and compensate users proportionately; HALO Team can withdraw all the USDT principal deposited into its market-making account after deducting the profits from market making;
3: Compensation method: return all HALO tokens in users’ account that they bought to HALO Team; the asset loss caused by HALO purchase will be refunded by:
All losses of the user/total compensation for all users* profits from maker making;
User’ losses formula:
Total losses=purchase cost- asset from sold out
Examples:
User A: spent a total of 100 USDT for purchasing HALO, and still have all HALO tokens in his/her account without selling out, so the total asset loss is 100USDT;
User B: spent a total of 100 USDT for purchasing HALO, sold part of HALO for 10 USDT, so his/her total asset loss is 90USDT;
User C: spent a total of 100 USDT for purchasing HALO, and sold them all for 50 USDT, so his/her total asset loss is 50USDT.
Compensation Time:
The compensation will be allocated to users within 10 working days due to massive data and workload.
For HALO tokens deposited on HBTC: HALO tokens depositors are suggested to withdraw their HALO tokens before September 24, 2020.
HBTC
September 14, 2020